US stocks edge higher, keeping indexes at records
NEW YORK (AP) — U.S. stock indexes are edging further into record territory as the market extends a three-week advance.
Dean Foods soared 14 percent Monday after reporting earnings that came in better than Wall Street analysts were expecting. Homebuilder Toll Brothers rose 2 percent after reporting a big jump in revenue.
The Standard & Poor’s 500 index rose six points, or 0.3 percent, to 2,038.
The Dow Jones industrial average rose 39 points, or 0.2 percent, to 17,613. The Nasdaq composite increased 19 points, or 0.4 percent, to 4,651.
Cable companies fell after President Barack Obama said Internet providers shouldn’t be allowed to cut deals with online services like Netflix to prioritize their content. Comcast lost 4 percent.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.36 percent.